All Time Low
Cerebras Stock Hits Record Low
Cerebras Systems' stock price has fallen to a record low of $146.98, marking a significant decline from its initial public offering (IPO) high of $386. The stock has dropped by approximately 62% from its IPO price of $185. This downturn has occurred within a few months of the company's May 2026 IPO, highlighting the volatility and competitive pressures in the AI chip market. The stock's current position is roughly 21% below its IPO price and 62% below its first-day intraday high. This significant drop in stock value has impacted investor confidence and the company's future growth prospects. The decline in stock price is attributed to factors such as the shift of critical workloads from Cerebras to Nvidia's technology, regulatory delays, and insider selling. The company's customer roster includes OpenAI and Amazon Web Services, with multi-year contracts covering substantial compute capacity. The current range of $146.90 to $146.98 represents the floor Cerebras has hit since its IPO in May 2026.